Shocking suburban street creates a waiting list for buyers – realestate.com.au

It is one of the few streets in Australia where detached houses are located directly on the border of a major racecourse.

So it’s no wonder Mein St in the Brisbane suburb of Hendra has a waiting list of potential buyers.

An 850sq m block recently sold for a record $3.8 million in suburban land sales to respected horse trainer Caitlin Hoysted of Eagle Farm and her husband Matt, part of Queensland’s famous Hoysted racing dynasty.

This property at 98 Mein St, Hendra, is on the market. Homes in this street are well maintained and highly sought after.

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Only about 20 homes are located between the 4,000- and 4,000-foot starting points, giving them a front-row seat to the most active racing section of the Eagle Farm circuit.

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It is a form of residential positioning that you almost never see next to metropolitan racecourses, which are usually bordered by commercial buildings, stables or infrastructure – and not by houses.

Jill Wright-Wotton from Place Ascot said it was a micro market that consistently outperformed the wider suburb of Hendra.

The view of the Eagle Farm Racecourse from the house at 98 Mein St, Hendra.

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“I’ve been knocking on doors for buyers here for years,” Ms Wright-Wotton said. “The demand is so specific that some customers will only think about this front and nothing else.”

“Homes on Mein Street Racecourse are increasing in value faster than the wider suburb.

“This is not a typical suburban move. These homes perform more like an absolute riverfront: steady supply, guaranteed prospects and no risk of being built.”

Stu Balding and Tonya Scheiwe are selling their home on one of Brisbane’s most popular streets. Photo: Lyndon Mechielsen.

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Ms Wright-Wotton is now marketing an adjacent property at 98 Mein St, owned by interior designer Tonya Scheiwe of Style Elements Interiors and her husband, Stu Balding.

The couple recently completed the designer home and are now building their own home on the block next door, showing how much they want to stay on the street.

“We were originally in Ascot and happened to end up in Mein St but we didn’t really understand the fuss about the track,” Ms Scheiwe said.

“I think it’s Brisbane’s best kept secret. It’s really hard to describe to people, but I think for us you come home and open the back doors and it’s like you’re in the middle of the country.”

This property at 98 Mein St, Hendra, is on the market. Homes in this street are well maintained and highly sought after.

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Mrs Scheiwe said she and her husband scoured the street until 98 Mein St finally became available to buy, then convinced the neighbor to sell too.

“Luckily for us, they both came up around the same time,” she said. “98 was done with the intention of selling, but we now live next door – it’s a lovely post-war house.”

One of the attractions of the street outside the circuit is the community.

“We have some great race day parties,” Ms Scheiwe said. “The street is quite social, that’s really great.”